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FOX Business
Oct 7, 2012 2:30am EDT
is suffer it has been the last four years. >> the economy is suffering under the government intervention. we often times don't think of regulations as being a tax. it is a tax not only on wealth creation but individual freedom and take the credit card act that was regulation and pass , a few years ago and had hoped to help the middle class . it made credit more expensive and difficult to get. when government steps outside to protect individual rights wealth and destruction for the middle class and everybody else. >> it is all packed down. you know what, anything you do to corporate america hits my wallit. dodd-frank hits my wallet. wayne said we don't have a comprehensive energy policy. gas prices affect my wallet. nothing is contained. my costs are not contained in the last four years and that is an indirect tax. >> exactly john layfield always say it about the energy policy. but wayne, here is the thing. higher gasoline prices and especially in california, all of that is affecting the middle class and not getting better. it is getting worse over the last several months. >> that's true . tr
FOX Business
Oct 6, 2012 12:00am EDT
,000. and so we're seeing steady improvement in this economy. i will talk for a minute as employer. i've been in the private sector for two decades. i'm in a community that had double-digit unemployment. we're seeing job growth and seeing employers beginning to hire again. would i say this i have every faith and confidence that the data put out by the federal government is fair, nonpartisan. tony who was, george bush's deputy press secretary said of course these aren't manipulated. melissa: i didn't accuse you of manipulating them. i don't for one second doubt them. i'm saying the two surveys, the numbers are very different. 1, one, 8 -- 873,000 added. but 750,000 showing up working on one but not showing on payrolls. that means they're not working in offices. maybe they're selling stuff on ebay, working part time. doing things that don't show up. how do you reconcile those 7508,000 people who aren't showing up on payrolls? >> well, i'm not sure i can specifically reconcile. i will tell you these surveys tend to have lags in them. again the trend line is absolutely clear. 5.2 million jobs add
FOX Business
Oct 10, 2012 4:00pm EDT
saying they're slowing down but a hard landing. stabilizing around here helping out the world economy tremendously but in my opinion still remains to be seen. i am not quite sure, china will hold 7.5% level. sandra: charlie, you see reason to play defense into the upcoming election. in fact, you say there is a way to say if romney wins or if president obama wins. what would that exactly be if there was various outcomes to the election, obviously? >> i think the chances are that capital i believe pretty much on strike for most of this year is going to see the potential for better economy, the first year of any administration doesn't tend to be that good of a year for the market or the economy. the market would definitely see the possibility to come off the sideline in the later part of next year into 2014. your previous guest talking about how a win for obama pretty much has been discounted, but if you see it, it'll be capital sitting on its hands for the next four years. david: if in fact obama wins the election, fiscal cliff is resolved, therefore you think all this cash, we are seei
FOX Business
Oct 7, 2012 1:30am EDT
don't work on this, the whole economy is going to come skidding to a halt. >> and ben, the irony of course the debates focused on the economy and this seems like question he number one. >> i'm floored, charles, i'm glad you brought it up. the sequester is probably as bad an idea as ever come out of congress and the white house. the idea to me in particular, of cutting the defense budget, 5% of the budget, equally, roughly 5% of gdp, very, very roughly, more like 4%. >> right. >> ehe quali with domestic spending is just insanity, it's suicide. if mr. osama bin laden were still alive, he would like us to be doing this. everyone would like us to be disarming unilaterally and it makes no sense at all. >> adam, i've got to say, mitt romney brought up simpson bowles, even though the question was never asked and acknowledging the question something needs to be done. >> he brought up simpson bowles, and either candidate is discussing the fiscal cliff, there isn't much difference between them. a pox on both their houses. >> it's a bipartisan mistake and problem. i don't disagree with what
FOX Business
Oct 9, 2012 8:00pm EDT
the economy. people are saying in the business community is that a guy that's unconnected -- this detached could ruin another four years for the country. neil: you reminded me that things could change in politics. a week ago at this time, mitt romney couldn't win. are we to tread carefully here making statements? >> you know, here is the deal. the romney campaign is on an upsurge. fundraisers, super pac razors, everybody on the gop is going to take advantage of that. because we never know what's going to be on the flipside. we don't know what's coming around after the next debate. so everybody is taking advantage of it. yes, your answer is we are on a roll right noo and we are taking advantage of it and we are going to do everything that we can. we don't know. you know come the next flip back and it can be obama. this is a very volatile race and it's tight. >> there is no doubt a couple of weeks ago and it looked like he was losing -- there was no doubt that his contribution -- they were saying that we are going to divert a ton of money to house and senate candidates in that debate proves
FOX Business
Oct 12, 2012 9:20am EDT
on the economy, how does the consumer feel about the so-called recovery? we bring you new numbers on that at the top of this coming hour. and let's go to nicole. we have news on apple's mini ipad. what's the news and what's the stock doing? >> oh, the speculation is swirling. well, we'll see whether or not apple takes off the-- and goes under the the wraps here. october 23rd, the day we're looking for. this may be the day we learn a lot more about the ipad mini that we have been talking about here on "varney & company," right. stuart: when we learn a lot more, what will it be? the specs on the thing, how big, how small. >> i don't know. invitation only event. it was reported all things d on today. and we've talked about the fact that the ipad is 9.7 inches, the ipad mini based on some of the analysts who went over to asia and saw some of the displays being ordered were speculating it could be 7.8 inches, so 7.8 rather than 9.7. and so, it will be smaller and will be able to compete, obviously, more readily with the kindle fire and the other smaller types of tablets. stuart: i just
FOX Business
Oct 10, 2012 5:00pm EDT
on the government? >> that's two questions. it is partly the result of the sanctions. iran's economy is being squeezed. it can't sell oil that it wants to in the quantities that it wants to. the result is there is no confidence in the local currency, the rial. but as yet, it hasn't had the effect of changing tehran's mind in its nuclear program. the first indication which would be a willingness to cooperate with the rest of the world and to answer some rather pertinent questions about its nuclear program. what was it doing and what were those activities all about? melissa: in the meantime we've been hearing reports about this growing rift between ahmadinejad and the ayatollah khomeni. do you believe that and how does that change the situation? >> it helps the situation but it doesn't really change the situation. confusingly iran has not only a president, ahmadinejad but also a supreme leader, ayatollah ali khomeni. the supreme leader, as the name would suggest, is much more senior person than the president and the problem here is that although ahmadinejad was khomeni's candidate for the job,
FOX Business
Oct 11, 2012 6:00pm EDT
the economy and now we know why. it has gone from concern to fear. they are fearful of the rollout of obamacare and taxarmageddon. tax rates will go back where they were 12 years ago and i had a businessman today tell me with tears in his eyes the luncheon we sponsored that if obama gets reelected and he continues to force the rollout of obamacare he will have to shut down his business and he has been in business in this town -- i meant st. louis -- since 1957. because of all of the requirements that are going to be forced on business people. this is very real and people are veey fearful of what can happen if we don't get some more certainty in this economy. gerri: all of these topics will be part of the debate tonight. you have experience with the baiting. you did pretty well. what would be your advice to the two candidates who will be sparring with each other in a round table? they will be seated next to each other. >> here is what i predict. first of all, governor romney and representative brian have three things in common going into a debate. governor romney showed that these t
FOX Business
Oct 12, 2012 5:00pm EDT
on weakening global economy. >>> business software company public debut isthe biggest ipo since facebook. that was back in may. >>> to our top story tonight i don't know about you but i envision peace and olive branches when i picture the european union. look at the pictures. riots in the street. thousands of protesters. nazi flags flying to greet german chancellor angela merkel in greece. the e.u. was named the winner of the nobel peace prize somehow. with me is economist peter morici. so happy to have you here. i'm baffled. i don't know, can you -- >> i'm more than baffled. barack obama got one a couple years ago for doing nothing but his promise. riots in greece. people are eating out of garbage appeals and dumpsters in spain all because of austerity being imposed on them by the north and the european union get as peace prize for that? maybe they ought to roll tanks through athens and maybe they give them two of them. melissa: i don't know. these pictures we're looking at right now do not scream peace to me. you know, the chairman of the panel was a little testy at the press conferenc
FOX Business
Oct 7, 2012 11:00pm EDT
the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. lou: the unemployment rate dropping and dramatically. the jobs picture, however, is still stagnant. former cbo director, douglas holtz-eakin, joins us here in just moments to explain all of this and to give us a perspective on the economy going forward. on wall street, stocks finished the nasdaq down about 13 points. for the week, both the dow and s&p up 1% while the nasdaq posted a fractional gain. as i reported, the september unemployment report did come in at 7.8%, down from 8.2%, 114,000 jobs, 10,000 of them government jobs. unemployment is 15% with 23 million americans still unemployed, under employed, or having simply given up looking for work. crude oil dropping again on concerns of slow economic growth. crude oil down a dollar 83 under $90 a barrel. for california, prices statewide for gasoline are $4.99 a station, and some stations charges $6 a g
FOX Business
Oct 9, 2012 7:00pm EDT
to our economy. lou: governor romney mentioning big bird in last week's debate as he proposed cuts and funding to the public broadcasting system among a whole bunch of other cuts, it has not stopped sesame workshop from objecting to the president's campaign ad, the nonprofit organization wrote quote, we have approved nong campaign add and as of our general practice, have requested that they be taken down, big bird joining the aarp, and a cincinnati deli owner and nbc's andrea mitchell on the list of people who' the obama campaign to just leave them out of the obama campaign, bad news piling up for the president, some of his most reliable brends hitting him hard, little bi politic coct small ball. and the silly obama campaign. and nbc news called ad absurd, their chief white house correspondent chuck todd said, quote, when can the obama campaign going to stop talking about the debate. they cannot seem to turn the page from the debate. any conversation about that debate, i assume helped mitt romney. that is the reality that is beginning to set in scores of new polls show governor rom
FOX Business
Oct 10, 2012 3:00pm EDT
for a fourth day of losses. the dow down triple digits near session lows right now. the economy is "modestly growing." that has not turned the market around. the biggest laggers on the dow, chevron, alcoa, and caterpillar. facing a broad-based selloff. across the board, we will keep our eye on those stocks for you. no surprise to see alcoa drop in today. kicking off earnings after the bell yesterday beat estimates but cut global demand, that outlook anyway and that stock is suffering. yum much better after his report, shares are rallying this morning. apple flipping two days of losses, in green territory. shares are up as well expecting a smaller version of the popular ipad coming next week. of course we will be covering it for you on fox business. traders on the new york stock exchange, cme group and the nymex. not even sure what to call this report today out of the fed. >> neutral and unexciting, that is what we got. the facts and the data we're getting, the market trending based upon third-quarter earnings pretty much telegraphed into the market. quite interesting to me how we drifted low
FOX Business
Oct 9, 2012 6:00pm EDT
of commerce to the retail federation. they were discussing the issue and how to get the economy back on track. wall street's top ceos and jpmorgan's dimon saying it's time for a deal. they are tired of kicking the can down the road. avoiding the fiscal cliff requires political sacrifice on both sides. they are not alone wanting a certain degree of state for the markets, and in turn, for investors. joining me is president for america's for tax reform. welcome back to the show. a pleasure to be with you here. >> great to be with you. gerri: they want more in taxes, cutting in spending. with friends like these, who needs enemies, grover? how do you react? >> read today's "new york times," there's an article about the idiot rich businessmen in france who raised taxes a little bit and cut spending and elect the socialist president of france who is now raising their personal income taxes to 75% and their capital gains taxes to 60%, and these very, very smart businessmen who brought this on themselves are running for the borders. gerri: nobody's suggesting that here. in fact -- >> they were not in f
FOX Business
Oct 11, 2012 9:20am EDT
will that be enough to reignite pc sales, right now they're significant a tough economy, the tablet wars and sales in emerging countries are some things weighing on the pc company. >> and that, you see, nicole, windows 8 will make all the difference in the world in the pc market and i'm telling you. >> yeah, i've got muscle, i've got microsoft muscle. i hope for you, stuart. stuart: thank you. dow jones industrials opening with a rally back above 13,400. 57 this morning. to the jobless numbers we brought. the number looks good on surface, 339,000 new claims, down 30,000, a big drop. you have to look deeper, the labor department says one large state didn't report their numbers. that really changes things. this number certainly can't be compared to any previous numbers because that one big state, unnamed, is missing. we'll likely get the real number about a week from today, maybe, when this number may be revised, but why would you put out an incomplete report? i ask you. the newest poll from michigan shows mitt romney tightening the race there. president obama still leads by 6 points, 50-44. michiga
FOX Business
Oct 9, 2012 1:00pm EDT
and tensions with iran over nuclear program and the israeli economy. and penske media buying "variety." covering hollywood for more than 100 years and still considered a top industry source. they said they would put it up for sale. the news headlines on the fox business network. lori: inside trading kingpin rajaratnam should follow the example of a lesser-known figure indicate and fled the country. charlie gasparino has the details on the lone fugitive in a massive crackdown on insider trading. >> do you know who he is? he was a moody's analyst, he passed on a tip to the main sort of cooperator in the rajaratnam case. about the pending merger, excuse me, acquisition of hilton hotels. then turned that around and pass it on to raj. when we indicators against raj rajaratnam. whhe was charged for this actio. fled the country, went back to india, nowhere to be found, they cannot extradite him, not trying to extradite him, he is the lone fugitive in this case. rajaratnam has gone publicly and said if i thought i was guilty, could have went to india or my native sri lanka. because they have
FOX Business
Oct 8, 2012 6:00pm EDT
the a but. manufacturing has contracted for 11 straight months, and the economy is flat line right now, so they have a predicament where they bought much too much. gerri: one of the biggest threats to the u.s. economy now is china's economy. i want to change tax a little bit and talk but mitt romney. he had an impressive delivery today on foreign policy. a big speech. here's what he had to say. >> the president is fond of saying that the tide of war is receding, and i want to believe him as much as anyone else. when we look at the middle east today with a run closer than ever to nuclear weapons capability, with the conflict and syria threatening to destabilize the region and with violent extremists on the march and with an american ambassador and three others dead, likely at the hands of terrorists. it is to the rest of conflict is higher now than when the president took office. gerri: does he have that right? >> i think he absolutely does. i have been waiting 25 years for the speech. romney david. he was channeling reagan, harkening back to the notion that america uses our economic power
FOX Business
Oct 9, 2012 5:00pm EDT
's market headlines a grim imf forecast for the global economy sent stocks sliding down 110 points. nasdaq was the day's biggest loser posting its largest loss since june 25th. earnings season starts off on a good foot. alcoa beat estimates on top and bottom line. shares are getting a nice pop after-hours. >>> government is filing a civil suit against wells fargo. they are accused of reckless behavior issuing federally backed loans. shares of wells fargo fell nearly 2%. >>> all right, our top story today, german chancellor angela merkel arrived in greece today and was met with massive protests. some greeks even dressed as nazis to mock the german leader that is so nice. what a great welcome. why are the greeks protesting one of the few people who might actually be able to help them escape a economic meltdown? joining me for more on this story, university of chicago proper professor charles lipscomb and former director of the congressional budget office, douglas holtz-eakin. thanks to you both for joining us. doug, what do you think of those pictures? >> i think this is a reminder that gree
FOX Business
Oct 11, 2012 5:00pm EDT
the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned our policyholders so they matter most to us. massmutual. we'll help you get there. ♪ . melissa: david siegel founder and ceo of westgate resorts and he made headlines this week sending an e-mail to his employees, basically saying if president obama gets reelected he will have to fire them. if any new taxes are levied on me or my company as our current president plans, i will have no choice but to reduce the size of this company. this means fewer jobs less benefits and certainly less opportunity for everyone. david joins me now. it is great to have you on the show. you have gotten a lot of attention for this. do you regret sending the e-mail now, given all the attention it has gotten. >> i regret people saying i'm threadening anybody because i'm not threatening anyone. melissa: okay. >> i'm educating my employees. i'm educating them. i am telling them what will probably happen if the wrong person gets reelected. melissa: are yo
FOX Business
Oct 5, 2012 10:00pm EDT
moments to explain all of this and to give us a perspective on the economy going forward. on wall street, stocks finished the nasdaq down about 13 points. for the week, both the dow and s&p up 1% while the nasdaq posted a fractional gain. as i reported, the september unemployment report did come in at 7.8%, down from 8.2%, 114,000 jobs, 10,000 of them government jobs. unemployment is 15% with 23 million americans still unemployed, under employed, or having simply given up looking for work. crude oil dropping again on concerns of slow economic growth. crude oil down a dollar 83 under $90 a barrel. for california, prices statewide for gasoline are $4.99 a station, and some stations charges $6 a gallon. others shut down because of gasoline shortages. nationally, the price of a gallon is now $3.79. good news, however, exxon reporting its refinery in california is back up to full operating capacity, but the chevron is still not at full capacity. we are joined by the former congressional budget office director, the of the american action forum. doug, good to have you with us. i never heard peo
FOX Business
Oct 10, 2012 2:10pm EDT
-time jobs coming into the economy. here is dart den restaurants. considering more part-time jobs to address health reform costs. telling fox business the law is so rigid there is no flexibility in it at all. hear is the deal, hear is the bottom line. basically the high cost of affordable care. if you work 30 hours a week you are supposed to be getting health insurance. if you go below 30 hours you don't get health insurance. if the company doesn't provide you 30 hours a week, the company pay as fine of 3 tow per worker. the incentive to drop below the 30 hour per week water mark. the problem these companies, restaurants like darden which owns olive garden and longhorn steakhouse, they were providing cheap health care coverage to workers. they were doing that the health reform law struck it out. it obliterated it because they were too cheap. they didn't provide enough in the way of benefits. a lot of high turnover in these industries. they are naturally part-time. we may start to look like japan where 25% of the workforce is part-time. the u.s. is running around 13%. that is the bottom line.
FOX Business
Oct 8, 2012 4:00pm EDT
is this -- or is this a larger statement about the economy as a whole? >> well, i think it has a little less to do with the economy and a lot to do with production. there's some riding going out, and there's rumors that it's going to cause all kinds of production problems. heading into the christmas season, that can't be a good thing for apple, and that's really why it was selling off so big. don't be shocked if we see some buying tomorrow. there are a lot of people taking off today for columbus day, um, so, you know, i'm not going to put too much stock in kind of apple's move or the market overall -- david: although it traded down at the end of the day. i've got to tell you, it traded down below 2% going into the end of the trading day, so that's not a good sign for the beginning of tomorrow, is it? >> not at all. off almost 10% from the highs. but, you know, tomorrow we'll see whether the big institutions step in and start buying. you know, this is one of those weeks where there's really not a lot out there, right? we've got the vice presidential debates, we have little economic news. we do have
FOX Business
Oct 12, 2012 11:00am EDT
ryan. our favorite topic is the economy and the question of is it possible to get unemployment under 6%. >> we can and we will get it under 6%. let's take a look at the facts. let's look where we were when we came to office. economy was in free fall. we had the great recession hit. nine million people lost their jobs. 1.7 -- 1$.6 trillion of wealth loss in equity in your home and retirement for the middle-class. >> neil cavuto from fox business. a lot of substance last night but will the debate be remembered for that? neil: i don't think vice presidential debates tend to be. the vice president debating by and large a recent phenomenon. i don't know if it moves the needle. the instant reaction was the vice president won. he got the better of it just because of that. interested the freefall of the president. some of you said that. probably adds pressure to the president now. you have got to deliver in your face game but can the president do that and does it risk for the president to act like that, still kind of in a no-win situation. i got a kick out of the smirk for one thing and paul r
FOX Business
Oct 8, 2012 8:00pm EDT
have units in china. >> this is a global economy. you know, this ain't like an american public school you get trophy for showing up, americans have to compete. i -- story on television last night talked about sysco. said only one this build these routers, all 4g networks are foreigners, everyone is standing in line getting a a iphone becaase they want a 4 g, they don't care who is building it all they care about is they can facebook anybody they want wherever they are and get an app, sleep with one hand on your .45 and a eye open. liz: executives taking it to capitol hill, saying, wait, we have been in operation, working with hundreds of millions of customers it world, they are saying, we have not had national security issues with what we do. however our intelligence committee in congress say, wait, china has been accused of spying on corporations here in the united states, which is why they stopped mergers of other u.s. companies with chinese operations, what you to say? >> the word congress and intelligence should never be used to the same sentence that insults the intelligence of t
FOX Business
Oct 10, 2012 8:00pm EDT
has never created any jobs and does not understand how the economy works. neil: this is from local to viral, he is not aaone, insisting that every business guy that i know in this country is frightened of barack obama and the way he thinks, any regular viewer of this show knows that mr. wynn is not shy. there is something more alarming to his tone now. a bad situation he thinks is getting worse, and now, very much going viral, and going way beyond the white house, wynn attacked ben bernanke, an easy monetary policy he likened to a ponzi scheme. >> we did what bernie played of went to -- made off went to jail for, federal reserve, printed money and bought bonds from government as if there was really an action and a buyer. neil: that is the world's greatest gambler calling washington's bluff, not with a poker face, but with a rid face, mad as hell and he ain't gonna take it any more face. this is a story of how in so doing, steve wynn might have just offended this presidential race, and unfortunately, it is the president who could be coming up snake eyes. so was it a gamble for wynn
FOX Business
Oct 10, 2012 6:00pm EDT
@foxbussiness.com. >> coming up on "the willis report", more evidence obamacare is doing more harm than good for our economy. gerri breaks down how the president's new health plan will hurt your bottom line acts. and obama's campaign painted ronnie's tack when his tax plan black. we will ask professor harvey rosen later. and our financial expert will be with us. next on "the willis report." the gerri: well, there is an old saying that says when you're in a hole, stop digging. that is what is going on when it comes to the economy and the president obama's policy. our economy is like a car on winter morning, barely turning over. obamacare, health care law is a good case in point. a new study shows obamacare will cost a total of $26 billion to implement. just to implement the blizzards and blizzards of new regulations and paperwork required. again, i'm not talking about the increased costs or higher cost doctors. we are just looking at putting law into effect. here's the detail. the private sector will bear the biggest burden of those costs, $20.4 billion over the lifetime. states will have to pony up 7.2 bill
FOX Business
Oct 11, 2012 7:00pm EDT
large over all of the days events and developments in the political economy. why was adequate security denied the u.s. consulate in benghazi. the question remains, and why does the administration continue to carry out a political cover-up of the terrorist attack that results in the deaths of u.s. ambassador, christopher stevens and three other americans. in washington, it seems that many americans believe that every bureaucracy and agency in washington is either politicized , incapable, or simply dysfunctional, the result is rising distrust of the government. today, the numbers in our government labored upon the report created suspicion, uncertainty, and a new dimension of mistrust. weekly jobless claims came in with low expectations the president once again asserting that the tax code is designed. in other words from the man was shot in the head and neck if he commuted to work in yemen. we will have the latest developments tonight. the latest in a series of incredible statements by stephanie cutter. touching on the tragedy in benghazi. carter's rationale for why the murder of our amba
FOX Business
Oct 6, 2012 11:00pm EDT
, these numbers don't smell right when you think about where the economy is right now. gerri: gary, to you first. is the bls giving as ps? >> it is the bs. look. three months ago i said that even if we got newt we would be under 8% because the politics of it. we saw 30 days ago the fed announced a open ended printing of money to get asset prices up, and they say 50 days before election, this one is a joke. if you noticed anything about this number, the estimates of job gains came in the exact amount it was supposed to which should have kept it at 8.2%. the estimates, somehow we got to 7.8%, and the use the most of tiles survey, the household survey. gerri: we will get to that. >> 400,000. gerri: can these numbers be sai's? >> i don't think they can. we have had rumors of bls massaging numbers for the benefit of the democrats back under the nixon administration. in fact, that was one of richard nixon's source of paranoia, that the bls was out to get him, making the economy looked at so that he could not get reelected. that did not prove to be true. what the other person just dated was exactly rig
FOX Business
Oct 12, 2012 3:00pm EDT
fiscal 2011 thanks to higher tax revenue because of a stronger economy nd some lower spending, $60 million year over year and those numbers are down from the record $1.4 trillion in deficits we saw in 2009. we like to give you the monthly number for september. last month of the fiscal year. here's something you don't see every way. a surplus of $75 billion compared to a deficit of $73 billion in september last year. that is mainly due to accounting items, the biggest one being a shift in $60 billion in government benefit payments for social security and medicare and other things into august's of this year because of weekends and holidays in september. the administration is projecting a end to this trillion dollar trend for this fiscal year, 2013, budget forecasts projecting a deficit for 2013 of 990 one billion dollars. liz: a top $1 trillion for the fourth year roebuck monthly there's a surplus? we are looking for grain shoots. is that the start of a trend possibly? >> no. no. if we are looking at a 990 one billion dollar deficit for 2013, we are still going to have a lot of red i
FOX Business
Oct 12, 2012 4:00pm EDT
holdings. they got one that tells the consumer is doing okay and the economy might recover in some way shape or form. >> that is a good point. i will start with a major leader in health care insurance, and its future depends on the outcome of the election a few weeks away or less. positions for either direction. is a major issue in 2013 in one way or another companies like united health care are prepared to absorb the increase in the policyholders, people who don't have insurance yet, or go another direction in a position to perhaps narrow their margins and that is why we'd like to value with that story but being prepared for the future story. ashley: are very bullish with stocks come a savings could derail the market rally but what sectors do you like in particular? >> as a macro player, we are not playing this extra space, so i firmly believe the trend is in place if we continue to hold these technical levels. ashley: what could derail the market right now, what makes you most concerned at this point? >> we continue to worry about the european sovereign debt crisis, a bit quiet on th
FOX Business
Oct 9, 2012 11:00am EDT
and they are talking about the many roadblocks as they see it to getting our economy back on track. dagen: peter barnes is in d.c. with a whole lot more. hey peter. peter: hey guys a football metaphor from the quarterback of the business roundtable this morning referring to the nfl lockout of professional referees that was resolved a couple of weeks ago, he joined the heads of the u.s. chamber of commerce, the national manufacturers association, and the national retail federation in calling on congress to reduce uncertainty in government policy to help create the confidence businesses large and small need to invest and hire. and with the clock running down, they urged congress and the white house to get moving on fixing the fiscal cliff. >> you really don't even have a tax code in the country today. this is for large business, medium sized business, mom and pop, the individual entrepreneur, what are the rules? i mean it is like we're playing with the replacement referees in the irs. peter: tom donahue of the u.s. chamber said nothing is going to happen until november 7th. first got to see who wins on n
FOX Business
Oct 10, 2012 7:00pm EDT
%. the feds fed's beige book report in the economy expanded modestly from mid august to september, the residential housing market employment consumer sppnding remaining flat. meanwhile, wholesale businesses increasing stockpiles in august, sales rising for the first time in four months, inventories and half of a percent. turning back to politics, joining us live from danville kentucky, senator ron johnson, member of the senate budget and appropriations committee. strong supporter of the governor, mitt romney. good to have you with us, senator we met harry doing? >> i'm doing great. a lot riding on this debate tomorrow night. congressman ryan, he is pretty nimble on the budget. you think that he is ready to do as well as the government that is well as president obama? >> nobody knows more about the federal budget and paul ryan does. nobody has put forward more serious proposals by paul ryan. i would expect this to be an interesting evening. he is no slouch in these things. he's going to have a real problem, the same problem the president obama had. he has a record that is almost im
FOX Business
Oct 11, 2012 11:00am EDT
romney is now ahead of president obama in terms of trusting him to do a better job on the economy. how much are the american people just not looking at these numbers or at least questioning their veracity? >> i think that american people are having undoubtably as much difficulty translating and interpreting the numbers as much as the professionals are. the electorate is extremely volatile. much more volatile than any person imagine. with romney's numbers bouncing as much as they did after one debate, that shows people -- i do not think it is an election of committed voters, this will be in election of leaners. they are all swaying up there. connell: a lot of people have not made up their mind. these are big moves. we head into tonight and then next week, can the president use these jobs numbers as an argument that jobs and the economy is improving? >> i think, clearly, vice president biden and mr. obama next week will use these numbers to say things are getting better. the burden will be on the opposition to explain why the economy has been as weak as it has been. i have to say, i give
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